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Income Tax - Highlights / Catch Notes

Home Highlights December 2020 Year 2020 This

Rectification of mistake - Addition of sponsorship and ...


Sponsorship and promotional income addition deleted as marketing income net of expenses wasn't separately recognized.

December 16, 2020

Case Laws     Income Tax     AT

Rectification of mistake - Addition of sponsorship and promotional income received by assessee - Authorities below failed to appreciate that marketing income been considered as net of expenses, and therefore does not appear separately having credited under the head income. - Additions deleted - AT

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